Stocks to Watch on January 27: Axis Bank, UltraTech Cement Lead Results Lineup

Axis Bank, Kotak Mahindra Bank, UltraTech Cement, Shyam Metalics, JSW Energy and Bharat Petroleum will come into focus on 27th January, with the Quarter (Q3) results dominating the calendar for today and more deal announcements and other related project updates.

In addition to this, Asian Paints, Tata Consumer Products, CG Power, Vodafone Idea, Raymond and other companies will announce their Q3 results today too.

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Q3 Earnings Snapshot

For the Banking and Energy sectors - Axis Bank's net profit for the Q3 rose by 3% from ₹6,489.6 crores compared to the same quarter last year, net interest income increased by 5% to ₹14,286.6 crores, and gross NPA decreased to 1.40%.

Kotak Mahindra Bank's Q3 net profit grew by 4.3% to ₹3,446.1 crores, and the bank board approved raising funds through Non-Convertible Debentures amounting to ₹15,000 crores.

UltraTech Cement's earnings during Q3 improved, leading to a 26.8% increase in net profit to ₹1,729.4 crores. Revenue in Q3 increased by 22.8% to ₹21,829.7 crores.

Shyam Metalics Q3 profit increased marginally (up 0.1%) compared to the same quarter last year; within the Energy sector, JSW Energy's Q3 profit was up 150.2% to ₹419.9 crores.

Bharat Petroleum's profit for the Q3 jumped by 88.9%, to reach ₹7,188.4 crores. Nuvama Wealth Management continued to show growth with an increase in Q3 net profit of 0.8% to ₹253.6 crores.

The profit made by Gandhar Oil increased by 67.6% to reach ₹32.4 Crores. Granules India experienced an increase in profit by 27.7%, to reach ₹150.2 Crores. Urban Company posted a loss of ₹21.3 Crores compared to their last report regarding profit. They also approved the acquisition of Amber Enterprises' Native brand products through the Board of Directors' approval.

IndusInd Bank experienced a decline in profits of 88.5%, resulting in profits of ₹161.2 Crores.

Key Deals and Developments

PVR Inox received ₹226.8 crores for the sale of Zea Maize, and HCL Technologies completed the acquisition of Finergic Solutions for 19 million Singapore dollars.

Waaree Renewable plans to acquire 55% of its ownership interest in Associated Power Structures Ltd. for ₹1,225 crores. Torrent Pharmaceuticals has acquired a 2.36% interest in JB Chemicals; the company has received zero comments from the U.S. Food and Drug Administration (FDA) concerning the Dahej manufacturing facility.

Zydus Lifesciences received three observations from the USFDA at Unit-2 with no data-related issues. Hindustan Copper was named as the preferred bidder for the Madhya Pradesh copper block.

Hindustan Oil has appointed Jagadip Narayan Singh to serve as Chairman of the Board of Directors. South Indian Bank has admitted to flagging the potential impact of a strike on January 27.

Bulk Deals, Ex-Dates, F&O

Antony Waste Handling was purchased 1.49% of the total by Miri Strategic for ₹₹ 23.87 crore. Hill Fort India Fund acquired 0.70% of Bajaj Consumer Care for ₹₹ 29.06 crore.
Plutus Wealth sold an interest in Rategain Travel Technologies and Ecos India Mobility.

As of now, United Spirits, Wipro, Persistent Systems, SRF, and Ksolves India have decided to trade ex-dividend, and Dr Lalchandani Labs is trading ex-rights.

Sammaan Capital's stock is under an F&O ban. Bandhan Bank is out of F&O ban.